Plan Ledger DOL Form 5500 · updated monthly

Inotiv, Inc.401(k)

INOTIV, INC. RETIREMENT PLAN · WEST LAFAYETTE, IN · plan year 2024

Reported admin expense ratio · 2024
0.22%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Inotiv, Inc. reported $246,108 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $603 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.48% to 0.22%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 128th-largest of 1,562 plans among Indiana employers on file, and the 1,293rd of 11,654 in professional & technical services. In 2024, employees put in $10.26 for every $1.00 the employer contributed; active participation has grown from 899 to 1,792 since 2022.

Plan summary
Net assets, end of year$118,094,913
Participants with balances2,128
Active participants1,792
Employer contributions$1,081,458
Employee contributions$11,093,342
Employer contribution per active participant$603
Average account balance$55,496
Benefits paid to participants$13,588,807
Plan auditUnmodified (clean) audit opinion
AuditorHUTH THOMPSON LLP
Plan history3
Yearassets · accounts · employer contribution
2024$118.1M · 2,128 accts · $1.1M emplr
2023$102.8M · 1,613 accts · $857K emplr
2022$46.8M · 1,038 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$140,117
Investment management$11,647
Audit (IQPA)$23,600
Total administrative$246,108
The Inotiv, Inc. 401(k) match · 2024
Employer contribution per active participant$603
Median for plans this size$3,635
2024$603 per active participant
2023$565 per active participant
2022$2,539 per active participant

Inotiv, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$140,117
SAGEVIEW ADVISORY GROUP, LLC · Consulting · Investment advisory (plan)$70,744
HUTH THOMPSON LLP · Accounting / audit$23,600
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$11,647

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$246,108 · 0.22%
2023$17,459 · 0.02%
2022$193,397 · 0.48%
Same employer
Similar plansProfessional & Technical Services · Indiana
Commissioning Agents Inc IN$175.8M · 0.09%
Bose McKinney & Evans LLP IN$141.4M · 0.05%
Blue & Co., LLC IN$114.6M · 0.14%
Ksm Business Services, Inc. IN$105.5M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351345024 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.